Memento provides next-generation technology and solutions that enable financial institutions to rethink and improve the way they combat fraud and manage compliance. Memento customers realize unmatched business value and rapid ROI.

bank fraud forum

2 investment handlers plead guilty to wire fraud

May 5, 2011
Total Loss: $1.5 Million

Two St. Louis-area financial investment handlers face sentencing July 22 after pleading guilty to federal wire fraud charges.

Federal prosecutors say 32-year-old Joshua Gould and 47-year-old David Rubin pleaded guilty Friday, admitting they embezzled about $1.5 million from a retired couple. Gould was an independent representative of Woodbury Financial Services. Rubin operated Coral Mortgage Bankers Corp. offices in University City and Chesterfield.

Source: CNBC
Posted in: Internal Fraud ACH and Wire Fraud
Tags: embezzlementwire fraudinternal fraudmail fraud